financetom
Economy
financetom
/
Economy
/
Cuba to ration more products due to economic crisis, US sanctions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cuba to ration more products due to economic crisis, US sanctions
May 11, 2019 9:02 AM

Cuba to ration more products due to economic crisis, US sanctions

SUMMARY

Communist-run Cuba said on Friday it would control more the sales of certain foodstuff and hygiene products, including adding some back to the ration card, due to shortages that it blamed partly on the tightening of the US trade embargo.

By ReutersMay 11, 2019 6:02:36 PM IST (Published)

People buy goods in a state store in downtown Havana, Cuba. REUTERS/Alexandre Meneghini

People wait in line to buy goods in a state store in downtown Havana. REUTERS/Alexandre Meneghini

Shop shelves on the Caribbean's largest island have been increasingly empty of late with the scarcity of basic products such as eggs, flour and chicken, and massive, hours-long queues for them whenever they come into stock. REUTERS/Alexandre Meneghini

Cuba imports 60 to 70 percent of its food. A handful of agricultural reforms in recent years have failed to boost output in its inefficient, centrally-planned economy, which also suffers from a decades-old US trade embargo. REUTERS/Alexandre Meneghini

People wait in line to buy sweets in a state store in downtown Havana. REUTERS/Alexandre Meneghini

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-UN labour agency freezes US official's appointment over unpaid dues
Exclusive-UN labour agency freezes US official's appointment over unpaid dues
Jun 1, 2026
GENEVA, June 1 (Reuters) - The International Labour Organization has rescinded the appointment of the top U.S. official to be deputy head of the UN agency because of delays in payments from the United States, it said on Monday. Sheng Li (United States of America) will therefore not assume the position of Deputy Director-General in July as previously foreseen, it...
U.S. Congress returns as GENIUS comments periods close, jobs report: Crypto Week Ahead
U.S. Congress returns as GENIUS comments periods close, jobs report: Crypto Week Ahead
Jun 1, 2026
The first week of June may turn crypto's 2025 policy wins into hard deadlines. Comment periods for the GENIUS Act's stablecoin rules start closing this week, reaching the point where a federal framework stops being statute and becomes the operating rules issuers have to build to. What gets settled in those windows decides who can issue, what reserves they hold...
Kevin Hassett Shrugs Off Inflation Fears, Urges Americans To Focus On Rising Real Wages: 'They Have A Lot More Money...'
Kevin Hassett Shrugs Off Inflation Fears, Urges Americans To Focus On Rising Real Wages: 'They Have A Lot More Money...'
Jun 1, 2026
The National Economic Council (NEC) Director Kevin Hassett downplayed the growing concerns about the U.S. economy amid rising gas prices and inflation due to the ongoing Iran war, and urged Americans to look at the larger picture. Speaking on ABC's This Week on Sunday, Hassett said, What you need to do is smooth through the ups and downs, look at what's happening to real...
US Dollar Rises Early Monday, Focus on May Employment Data This Week
US Dollar Rises Early Monday, Focus on May Employment Data This Week
Jun 1, 2026
07:35 AM EDT, 06/01/2026 (MT Newswires) -- The US dollar rose against its major trading partners early Monday ahead of a busy week of economic data releases leading up to the May employment report on Friday. Monday's schedule includes S&P Global manufacturing data for May at 9:45 am ET, construction spending data for April, and the ISM's manufacturing reading for...
Copyright 2023-2026 - www.financetom.com All Rights Reserved